@Bützbuster @nordesmic
@arsenic
Hi Superchicken
The Steve Auger article was published in January 2017. At the time URA ETF traded at ~$17 (due to perceptions of Trump’s pro-nuclear attitudes)
The author suggested URA was overbrought and would drop back in price due to unresolved structural issues in the sector. And he was 100% right. A few months later it trading at ~$13
As you say, POU’s barely shifted in price but there’s been a lot happening in the sector since then which suggests we may be closer to the end of this downturn than the beginning
A big thing was the Nov 2017 decision by Cameco to suspend production at its MacAuthur River flagship mine. This removed 15m in supply for 2018. And around the same time Kazatomprom (worlds biggest uranium producer) reduced supply by 20% in the next 3 years.
- Forums
- Commodities
- URANIUM
- Uranium, like buying oil at $20 a barrel
Uranium, like buying oil at $20 a barrel, page-26
-
- There are more pages in this discussion • 111 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add URANIUM (NYMEX) to my watchlist
|
|||||
Last
$24.70 |
Change
0.250(1.02%) |
Mkt cap ! n/a |
Open | High | Low |
$24.70 | $0.00 | $0.00 |